Fibonacci vector indicator
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2016.08.12 19:08
This indicator with a sufficient accuracy allows defining 6 market states, exactly:
By the way, AbsoluteStrength indicator (on the way I described it on the posts above) is used as a filter for some martingale EAs ... and there is some term (terminology) related to it - Control Martingale, means - trading in predefined market condition only. For example, trading correction/rally only, trading ranging only, trading on the flat only (for martingale scalpers), trading bullish/bearish trend only (trend following EAs), and so on.
Resistance and Support Verification
Sergey Golubev, 2018.03.06 07:01
Sergey Golubev, 2018.10.29 13:05
This is very interesting EA; it can be useful for the people who are trading s/r levels -
Breakdown catcher - expert for MetaTrader 5
The EA works with pending Buy stop and Sell stop orders.
Buy stop is set at the high price of bar # 1 + " Indent ", Sell stop is set at the price of low bar # 1 - " Indent ".
The test of this EA was done on EUR/USD M1 timeframe (as an example).
Highest high & lowest low support resistance - indicator for MetaTrader 5
It is combining two highest high & lowest low calculations. The "slow" channel formed that way is treated as the "trend" determining channel. The "fast" channel is is the short term channel drawn within the "main" longer term channel. That way you have a combination of fast and slow estimations of SR and short term trends within the current trend. Of course, the estimation of the trend is based on highest high & lowest low, and even though it does not repaint, it is to be used as any normal trend based on such values.